South African finance minister Gordhan says 'distressed' over report of imminent arrest

Reuters News
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Posted: May 17, 2016 12:13 PM

JOHANNESBURG (Reuters) - South African Finance Minister Pravin Gordhan said on Tuesday that reports of his arrest were "extremely distressing" and that he could not believe that he was being investigated or possibly charged for something he was innocent of.

"It is indeed true, that no one is above the law. But no one should be subjected to the manipulation of the law and agencies for ulterior motives," Gordhan said in a statement.

South Africa's rand firmed against the dollar immediately after Gordhan's statement.

The currency hit a two-month low on Monday after a newspaper report on Sunday, denied by the government, said that Gordhan faces arrest.

(Reporting by Mfuneko Toyana; Editing by James Macharia)